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RV Park

Pecan Grove RV Park

2110 Wallisville-Turtle Bayou Rd, Wallisville, TX 77597

Listing Price: $2,200,000

Cap Rate
8.77%
Number of Spaces
79
Lot Size
6.05 acres
Occupancy
53.0%
Price/Space
$27,848
Spaces/Acre
13.06
Year Built
2016

Investment Overview

Marcus & Millichap is pleased to present Pecan Grove RV Park a 79-space RV park in Wallisville, TX. The Park is being offered at a 8.77 percent capitalization rate with an estimated net operating income of $192,974. New buyer will acquire a park with vacancy upside that has a country atmosphere. There are currently 79 RV spaces, 1 of which are pull-through, and 1 site that just needs utilities ran to it. The park is only a half mile south of Interstate 10 which sees a daily traffic count of almost fifty-four thousand cars per day. Utilities at the park are all city utilities. There is a sewer treatment plant, but it is maintained by the city. Amenities that the park offers are a swimming pool and laundry room that has eight washers and eight dryers owned by the park. An easement must be granted to Seller to access his land behind park. This land is primarily used for hunting and fishing. Additional due diligence documents can be provided upon request. The park currently relies primarily on word of mouth advertising to attract occupants.

Investment Highlights

  • Park Built by Current Owner and Self-Managed
  • 20 minutes away from Exxon plant
  • Laundry Facilities and Swimming Pool
  • Gated Community, Pubic Utilities

Exclusively Listed By

Financing By

Listing Price: $2,200,000

Cap Rate
8.77%
Number of Spaces
79
Lot Size
6.05 acres
Occupancy
53.0%
Price/Space
$27,848
Spaces/Acre
13.06
Year Built
2016

Investment Highlights

  • Park Built by Current Owner and Self-Managed
  • 20 minutes away from Exxon plant
  • Laundry Facilities and Swimming Pool
  • Gated Community, Pubic Utilities

Investment Overview

Marcus & Millichap is pleased to present Pecan Grove RV Park a 79-space RV park in Wallisville, TX. The Park is being offered at a 8.77 percent capitalization rate with an estimated net operating income of $192,974. New buyer will acquire a park with vacancy upside that has a country atmosphere. There are currently 79 RV spaces, 1 of which are pull-through, and 1 site that just needs utilities ran to it. The park is only a half mile south of Interstate 10 which sees a daily traffic count of almost fifty-four thousand cars per day. Utilities at the park are all city utilities. There is a sewer treatment plant, but it is maintained by the city. Amenities that the park offers are a swimming pool and laundry room that has eight washers and eight dryers owned by the park. An easement must be granted to Seller to access his land behind park. This land is primarily used for hunting and fishing. Additional due diligence documents can be provided upon request. The park currently relies primarily on word of mouth advertising to attract occupants.

Exclusively Listed By

Financing By

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